Julie Xie from Boston.com had an interesting article last week on the ever growing rental costs in and around the city. Using data from Zumper she determined that the following 5 neighborhoods were most expensive in Boston which overall comes in at 3rd most expensive in the city.
- D Street - West Broadway (South Boston) : $3,350
This area has been taken over in recent years by more luxury buildings which has driven the average price. Flats on D and theWest Square Apartments are the number one reason as they significantly outnumber and outweigh the minimal multi-family rentals here.
- Kendall Square (Cambridge) : $3,240
More luxury buildings in this area as well with Watermark Kendall East and Lofts at Kendall both start over $3,000.
- Downtown Boston : $3,000
Many great options here including The Devonshire starting right around $3,000.
- Chinatown/Leather District : $2,900
The Kensington and The Radian are two of the most well known buildings in this area again with rents starting around $3,000.
- Thompson Square/Bunker Hill (Charlestown) : $2,730
Here we have Gatehouse 75 which starts right at the neighborhood average around $2,700 per month.
It's no secret that Boston is continuing to grow with more and more large buildings going up all over the city and for now a decrease in rents doesn't seem to be in the near future.